CONTACT: Jaclyn@Winstanley.com or:
Paul G. Driscoll, Acme United Corporation, 60 Round Hill Road, Fairfield, CT 06824
Phone: (203) 254-6060
FAX: (203) 254-6521
FOR IMMEDIATE RELEASE April 30, 2014
FAIRFIELD, CONN. – April 25th, 2014 – Acme United Corporation (NYSE AMEX:ACU) and The Scotts Miracle-Gro® (NYSE:SMG) Company will be presenting their new co-developed assortment of garden tools. Branded Scotts® and Miracle-Gro®, two new lines of innovative lawn and garden tools launched this Spring - Scotts® AirShoc, aimed at lawn care professionals and serious ‘DIY’ers, and the Miracle-Gro® EnviroLine, developed for home gardeners.
The two product line releases will be unveiled at the National Hardware Show in Las Vegas, May 6-8, and thereafter made available through multiple channels including specialty distributors and national chains. The Scotts Miracle-Gro® Company brands will bolster the category with new tools including pruners, loppers, hedge shears, snips, floral knives and more.
Acme United, the owner of the Clauss® brand has been the leader in the floral cutting tool market since 1877 and ScottsMiracle-Gro has been the trusted name in lawn and garden care for over 130 years. Through this licensing partnership, Acme will market and sell lawn and garden tools branded Scotts® and Miracle-Gro® “powered by Clauss®.”
Rick Constantine, Vice President of Marketing and Global Business Units Leader with Acme United, said the new products are exciting and address the unmet needs of the gardening enthusiast.
Constantine said, "The Scotts Miracle-Gro partnership leverages both of our strengths, combining ScottsMiracle-Gro’s knowledge and presence in lawn and garden with our expertise in cutting tool designs, Titanium Bonding technologies and innovation.”
The tools feature Titanium-Bonded stainless steel, making them both corrosion resistant and up to five-times harder than untreated stainless steel. Integrated antimicrobial technology helps prevent the growth of bacteria and fungus on both the handles and cutting blades. The Miracle-Gro® products and packaging are made from recycled materials.
The AirShoc® line also features patented “Tool-Less Blade Change” technology, allowing the user to change from a bypass blade to an anvil blade to a snip in seconds. This technology provides multiple cutting options while simplifying sharpening and cleaning.
Constantine noted that the AirShoc® designs have already earned a Good Design Award for Innovation, IDEA Award from the Industrial Designers Society of America and U.S. utility patent.
ACME UNITED CORPORATION is a leading worldwide supplier of innovative cutting, measuring and safety products to the school, home, office, hardware and industrial markets. Its leading brands include Camillus®, Clauss®, Cuda®, Pac Kit®, PhysiciansCare®, Westcott® and Western®. Visit us at www.acmeunited.com
About Scotts Miracle-Gro With more than $2.8 billion in worldwide sales, The Scotts Miracle-Gro® is the world's largest marketer of branded consumer products for lawn and garden care. The Company’s brands are the most recognized in the industry. In the U.S., the Company's Scotts®, Miracle-Gro®, and Ortho® brands are market-leading in their categories, as is the consumer Roundup® brand, which is marketed in North America and most of Europe exclusively by Scotts and owned by Monsanto. In the U.S. the Company operates Scotts LawnService®, the second largest residential lawn care service business. In Europe, the Company’s brands include Weedol®, Pathclear®, Evergreen®, Levington®, Miracle-Gro®, KB®, Fertiligene® and Substral®. For additional information, visit us at www.scotts.com.
Forward-looking statements in this report, including without limitation, statements related to the Company’s plans, strategies, objectives, expectations, intentions and adequacy of resources, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties including, without limitation, the following: (i) the Company’s plans, strategies, objectives, expectations and intentions are subject to change at any time at the discretion of the Company; (ii) the impact of current uncertainties in global economic conditions and the ongoing financial crisis affecting the domestic and foreign banking system and financial markets, including the impact on the Company’s suppliers and customers (iii) currency fluctuations (iv) the Company’s plans and results of operations will be affected by the Company’s ability to manage its growth, (v) the Company’s ability to successfully integrate acquired business; and (vi) other risks and uncertainties indicated from time to time in the Company’s filings with the Securities and Exchange Commission.
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